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Phillips-Van Heusen Sees Better Q1 Profit.(B)(NYSE STOCKS IN THE NEWS)

Investor's Business Daily

| February 01, 2006 | COPYRIGHT 2006 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Juan Carlos Arancibia

Phillips-Van Heusen found support at its 10-week moving average following a Jan. 10 breakout and is about 2% from a 52-week high.

The maker of dress shirts and other apparel on Jan. 10 raised its earnings forecast for the January-ending quarter. The company -- citing a strong holiday season in its wholesale, retail and Calvin Klein licensing businesses -- expects EPS of 35 cents to 37 cents a share. In November, it forecast 28 cents.

Phillips-Van Heusen has a three-year EPS growth rate of 20%. Its earnings growth, at a triple-digit pace in late 2004 and early '05, was up 54% ...

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